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For Sale

Dollar General

11111 N Shore Dr, Hillsboro, OH 45133

Hillsboro is a county seat community located in south-central Ohio, approximately 50 miles east of Cincinnati and 45 miles southwest of Columbus. The city serves as the primary commercial, governmental, and service hub for Highland County, drawing residents from surrounding rural townships for daily-needs retail, healthcare, and public services. Hillsboro benefits from regional connectivity via U.S. Route 62 and State Routes 73 and 124, providing access to nearby employment centers while maintaining a stable, small-town residential base. Retail demand in Hillsboro is driven primarily by necessity-based consumption serving both local residents and the broader rural trade area. As the dominant retail node in the county, the city captures consistent traffic for essential goods, discount retail, and service-oriented uses that are less discretionary in nature. Limited competing retail corridors and modest new construction activity reinforce Hillsboro’s role as a centralized destination for everyday shopping needs. From an investment perspective, Hillsboro exhibits many of the characteristics sought in durable rural and small-market retail locations. The surrounding housing stock is predominantly owner-occupied single-family homes, supporting predictable consumer spending patterns, while employment is anchored by healthcare, education, government services, agriculture, and light manufacturing. These fundamentals support sustained demand for essential retailers such as Dollar General, positioning Hillsboro as a stable, low-volatility retail market with defensive cash flow characteristics well suited for long-term net lease investment.

Key features

  • $2,400 rent increases in Year 1 of each option period
  • $587,368 purchase price ($65.19 PSF), well below replacement cost
  • 20-year operating history with ~$1.9M in annual sales (Placer.ai)
  • 9,014 SF freestanding building on ±0.82 acres
  • 9.50% cap rate on $55,800 in-place NOI
  • Built in 2005 with no near-term capital needs
  • Corporate guarantee from a publicly traded retailer
  • County-seat location with limited competing retail
  • Dollar General (NYSE: DG) with 20,000+ locations nationwide
  • Efficient, modern Dollar General prototype
  • Lease in place through June 30, 2028; 5×5-year options through 2053
  • NNN lease (landlord responsible for roof and structure)
  • No termination rights
  • Ongoing downtown investment, infrastructure upgrades, and renewable energy projects
  • Primary daily-needs retailer serving a broad rural trade area
  • Recent tenant-funded interior upgrades signal long-term commitment
  • Stable employment base supported by healthcare, education, manufacturing, and government
  • Strong visibility and access along North Shore Road
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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Contacts

broker
Noah Dewhirst

Passov Real Estate Group

Building Details

  • For Sale $587,368
  • Property Type Retail - Freestanding
  • Property Size 9,014 SF
  • Lot Size 0.82 Acre
  • Year Built 2005
  • Date Updated Apr 18, 2026

Attachments

  • Property Brochure 1 ()opens in new window

Getting Around

  • Walk Score ®

    Car-Dependent (20)
  • Bike Score ®

    Somewhat Bikeable (31)
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Location

  • City Hillsboro, OH
  • Zip Code 45133
  • Map
  • Street

Points of Interest

Speedway

7.11 miles

Walmart

7.66 miles

Belfast Market

9.71 miles

Kroger

7.46 miles

Walmart Supercenter

7.66 miles

JR's General Store

8.54 miles

11111 N Shore Dr Listing Summary

  • What is the asking price at Dollar General?

    Dollar General is currently listed for sale at Contact for pricing.

  • What is the total size of Dollar General?

    Dollar General has a total of 9,014 square feet.

  • What is the year built for Dollar General?

    The year built for Dollar General is 2005.

Contact Listing Broker
broker
Noah Dewhirst

Passov Real Estate Group

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